Zacks Research Upgrades Coastal Financial (NASDAQ:CCB) to “Hold”

Coastal Financial (NASDAQ:CCB) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Tuesday, Zacks reports.

A number of other equities analysts have also commented on the company. Keefe, Bruyette & Woods lowered their price objective on Coastal Financial from $95.00 to $53.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. TD Cowen lifted their price objective on Coastal Financial from $47.00 to $50.00 and gave the company a “buy” rating in a report on Friday, October 30th. Raymond James Financial cut Coastal Financial from a “strong-buy” rating to an “outperform” rating and set a $50.00 price objective for the company. in a report on Friday, July 31st. Finally, Weiss Ratings downgraded Coastal Financial from a “hold (c)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $91.83.

Coastal Financial Stock Up 3.8%

Shares of CCB opened at $44.55 on Tuesday. Coastal Financial has a 12 month low of $35.56 and a 12 month high of $120.05. The firm’s 50 day moving average is $44.39 and its 200-day moving average is $67.58. The stock has a market capitalization of $681.25 million, a PE ratio of -165.01 and a beta of 0.78. The company has a current ratio of 1.05, a quick ratio of 1.03 and a debt-to-equity ratio of 0.10.

Coastal Financial (NASDAQ:CCB) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.07). The business had revenue of $149.33 million during the quarter, compared to analyst estimates of $158.85 million. Coastal Financial had a negative net margin of 0.50% and a negative return on equity of 0.75%. Equities research analysts forecast that Coastal Financial will post 0.72 EPS for the current year.

Hedge Funds Weigh In On Coastal Financial

Several hedge funds have recently bought and sold shares of the company. Cooper Creek Partners Management LLC raised its position in shares of Coastal Financial by 105.0% in the 1st quarter. Cooper Creek Partners Management LLC now owns 450,134 shares of the company’s stock valued at $34,255,000 after buying an additional 230,537 shares in the last quarter. Ranger Investment Management L.P. bought a new stake in shares of Coastal Financial during the 2nd quarter worth approximately $10,766,000. Emerald Advisers LLC lifted its holdings in shares of Coastal Financial by 44.8% during the 1st quarter. Emerald Advisers LLC now owns 221,182 shares of the company’s stock worth $16,832,000 after acquiring an additional 68,427 shares during the period. Graham Capital Wealth Management LLC boosted its position in shares of Coastal Financial by 116.9% during the 3rd quarter. Graham Capital Wealth Management LLC now owns 109,849 shares of the company’s stock worth $4,387,000 after acquiring an additional 59,215 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust boosted its position in shares of Coastal Financial by 45.4% during the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 156,664 shares of the company’s stock worth $11,922,000 after acquiring an additional 48,927 shares in the last quarter. 59.24% of the stock is owned by institutional investors.

Key Coastal Financial News

Here are the key news stories impacting Coastal Financial this week:

• Negative Sentiment: Several law firms publicized a securities class action covering investors who bought CCB shares from October 28, 2024, through July 29, 2026. The claims allege Coastal misrepresented credit quality and risk management in its CCBX Banking-as-a-Service business. The lead-plaintiff deadline is December 1, 2026. Kaplan Fox class-action notice
• Negative Sentiment: The lawsuit follows a reported $68.8 million credit expense tied to one CCBX partner, along with valuation adjustments, which reportedly triggered a sharp prior selloff. The allegations are not findings of wrongdoing, but the underlying credit concerns and potential litigation costs could weigh on investor sentiment. Report on lawsuit and credit-risk allegations

Coastal Financial Company Profile

Coastal Financial Corporation is a bank holding company headquartered in Everett, Washington. Its principal subsidiary, Coastal Community Bank, provides banking services to individuals, families, and businesses in the Pacific Northwest, with a focus on communities in the Puget Sound region.

Coastal Community Bank offers consumer and commercial deposit accounts, residential and commercial real estate lending, business loans, lines of credit, treasury management, online and mobile banking, and other traditional banking products.